Press release from Business Wire India
Friday, February 03, 2012 01:40 PM IST (08:10 AM GMT)
Editors: General: Consumer interest, People; Business: Business services, Commodities & materials, Heavy industries, Major diversified industrial groups
Kobelco Starts Commercial Production of Hydraulic Crawler Cranes in India
Plans to Manufacture 90 Units in 2012
Chennai, Tamil Nadu, India, Friday, February 03, 2012 -- (Business Wire India) -- Kobelco Cranes India Pvt. Ltd (KCI), a part of Kobelco Cranes Co., Ltd (KCL). Japan, has commenced the commercial production of its hydraulic crawler crane manufacturing plant in India today (2nd February 2012). The new facility located at Sri City, Tada, Chittoor District (55 kms north to Chennai), would produce 90 units comprising 100 -Ton, 150-Ton and 250-Ton class cranes during the current year. Of 40,000 sq. meter area, the new unit features the high-tech facilities suitable for enhanced production including Kobelco technology having a history of more than 80 years in crane manufacturing.
The new Indian plant is Kobelco's first production facility outside Japan. Kobelco Cranes, among the world's major Crawler Cranes makers in Japan, United States and Europe, is the first foreign company to own a facility in India that specializes in the manufacturing of complete Crawler Cranes.
Talking about the commercial operations to media here today, Mr.Aida, President & CEO, Kobelco Cranes Japan, stated that the annual production of hydraulic crawler crane units of KCI is expected to be around 90 units in 2012. The capacity of this Indian plant is 100 units / year. The company is planning to achieve 35% of localization in 2012, and increase it to 50% in near future.
He further added "Our Indian plant would soon cater to the markets in the neighboring countries, and would help us sustain and increase our market share in the growing construction equipment market in India," Mr. Izumi, President & Director, Kobelco Cranes India argued that local manufacturing of cranes would reduce the cost of the cranes and will be made available in the price range Rs. 2.5 crore to Rs. 10 crore. The company expects to acquire a market share of more than 20% by 2015.
Being very positive of the Indian market, Mr. Izumi enthusiastically added that KCI would invest approx. 100 crore in its production facility at Sricity in 2011 & 2012 and planning to make another round of investment in 2013.
KCI has eleven premises across India to provide the technical services, supplying parts, and user-friendly after sale services to its customers. Kobelco cranes offer a wide range of performance, and come with world class engines and winches suitable for applications in the fields of factory plant construction, bridge construction, wind mill construction, other general construction work and many other applications. The user-friendly transportation systems of the products reduce the number of trailers.
About Kobelco Cranes Co., Ltd. & Kobelco Cranes India Pvt. Ltd.
As a core member of the 233-billion-yen Kobe Steel Group, Japan, with more than 40,000 employees worldwide, the Kobelco Cranes Co., Ltd. (KCL) Group, Japan, has a long history of developing various kind of cranes, KCL's history spans over 80 years. Since then, the company has developed many innovative products and techniques that have contributed to a breakthrough in construction machinery technology.
Kobelco Cranes India Pvt. Ltd, into Manufacturing, Sales and Services of Hydraulic Crawler Cranes, started its operation in India in the month of August, 2010 with its office set up at New Delhi. Mr. Shinsuke Izumi, the dynamic Managing Director of the company heads its Business Operations. The company sells Kobelco-brand Hydraulic Crawler Cranes CKL1000i (100 Ton capacity) initially and its upcoming products are up to 260 Ton capacity models.
Kobe Steel Group, Japan
Kobe Steel Group is one of Japan's leading steel makers, as well as a major supplier of aluminum and copper products. Other business segments consist of wholesale power supply, machinery, construction machinery, real estate and electronic materials etc.
Kobe Steel Group is a 233 billion yen company with turnover of 2,949 billion yen, consolidate & non-consolidated, in 2011. The Kobe Steel Group is comprised of numerous consolidated and equity-valued companies in Japan, America, Asia and Europe. Kobelco is the corporate logo mark and brand name of the Kobe Steel Group. Kobe Steel's commitment to excellence and quality is there behind the Kobelco mark.
Kobelco Construction Equipment India Pvt Ltd (KCEI):
KOBELCO Construction Machinery Co., Ltd. (KCM) is a market-leader that develops innovative state-of-the-art products such as the HYBRID excavator and the SK3500D building demolition machines. KCM in cooperation with Kobe Steel's Kobe Corporate Research Laboratories works to promote continuous research and development.
Established in November 2006, Kobelco Construction Equipment India Pvt Ltd (KCEI) is the subsidiary of KCM that manufactures, markets and services KOBELCO-brand high performance hydraulic excavators. Currently, the marketing and servicing arm is headquartered in Noida.
Note: The years mentioned in the press release are Calendar years and not financial years
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Mr. Krishnakumar, Kobelco Cranes India Pvt. Ltd., +91 8527200065
CONSUMER, PEOPLE, BUSINESS SERVICES, COMMODITIES, HEAVY INDUSTRIES, GROUPS
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